Understanding Cargojet's Ex-Dividend Date

Cargojet CGJTF declared a dividend payable on April 5, 2021 to its shareholders as of March 4, 2021. It was also announced that shareholders of Cargojet's stock as of March 19, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Cargojet is set for March 18, 2021. The company's current dividend payout sits at $0.21, equating to a dividend yield of 0.61% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding Cargojet's Dividend Performance

Over the past year, Cargojet has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on March 19, 2020 the company's payout was $0.16, which has since grown by $0.04. Cargojet's dividend yield last year was 0.78%, which has since decreased by 0.17%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Cargojet's previous dividends.